10 Best Furniture Stocks to Buy Right Now

7. Haverty Furniture Companies, Inc. (NYSE:HVT)

Number of Hedge Fund Holders: 18

Haverty Furniture Companies, Inc. (NYSE:HVT) is a specialty residential furniture and accessories retailer. Its product categories span residential and commercial furniture. The company also runs mattress product lines, including Tempur-Pedic, Serta, Sealy, Stearns, Foster, and Beautyrest.

The company is investing in store growth in its regions, positioning it for future growth in the best US markets. Its top priority for the coming two years is Houston, the seventh largest market in the country and the largest market in Haverty Furniture Companies, Inc.’s (NYSE:HVT) distribution footprint where it doesn’t have any stores.

Although the company’s overall store traffic is improving, it is seeing deliberate consumer spending. Therefore, its design and sales team is focused on increasing the number of customers. Its inventories are also in good condition, and the company is continuing to maintain them. Haverty Furniture Companies, Inc. (NYSE:HVT) is also continually streamlining its distribution, customer service, and home delivery services, supported by a continued focus on productivity and execution. Management is thus optimistic about the company’s future because of these factors. It ranks seventh on our list.